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Summit Therapeutics SMMT Business Segments — Operating Expenses

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Other financials

Income statement

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Revenue-
Operating income-$65.6M-81.2%
Net income-$189.4M-201%
EPS (diluted)-$0.24-167%

Balance sheet

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Cash & equivalents$8.2M+7.2%
Total debt$20.0M+211%
Total equity$545.9M+58.5%
Total assets$647.9M+68.8%

Cash flow

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Operating cash flow-$122.3M-99.9%
CapEx$245.0K-41.9%
Free cash flow-$122.5M-99.0%

Valuation

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Market cap$10.67B+3.3%
Enterprise value$10.68B+3.4%

Profitability

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Operating margin-268,266.8%-272,316pp
Net margin-271,685%-275,966pp
FCF margin-5,931.6%+4,730pp

Returns & leverage

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Return on equity-271%-1,725pp
Debt / equity0.0×
Current ratio7.4×-3.2×

Where this comes from

Reported directly by Summit Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The official record: Summit Therapeutics’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Summit Therapeutics's business segments — operating expenses?
Summit Therapeutics (SMMT) reported business segments — operating expenses of $195.21M in Q1 2026.
How has Summit Therapeutics's business segments — operating expenses changed year-over-year?
Summit Therapeutics's business segments — operating expenses increased by 192.0% year-over-year, from $66.85M to $195.21M.
What is the long-term trend for Summit Therapeutics's business segments — operating expenses?
Over 3 years (2022 to 2025), Summit Therapeutics's business segments — operating expenses has grown at a 132.4% compound annual growth rate (CAGR), from $87.21M to $1.09B.
What does business segments — operating expenses mean?
The total cost of running the business segment during the period.
How do you interpret business segments — operating expenses?
Increasing expenses are expected for growth-stage biotech firms, but sustained growth without revenue milestones may signal liquidity risk.
How does business segments — operating expenses compare across companies?
Standard metric for all public companies; essential for calculating operating margins and cash runway.